Category Archives: Gambling

Americas Cardroom to Set New Record with $8 Million Venom Tournament

Americas Cardroom has upped the ante once again and increased the guarantee for its fourth Venom event to $8 million.

Americas Cardroom is set to host another potentially record-breaking Venom MTT, this time with an $8 million guarantee. (Image: Americas Cardroom)

The $2,650 MTT has been anything but a poison chalice since its first incarnation in 2019. Venom II was hailed as the “largest online poker tournament by a US-facing site” with a $6 million guarantee.

That record was broken last year when Venom III paid out more than $7 million. The fourth version of the event will add an additional $1 million to the guarantee and take it to $8 million.

Entain CEO Shay Segev Resigns Following MGM Resorts’ $11 Billion Takeover Bid

Shay Segev won’t lead Entain into a possible merger with MGM Resorts worth more than $11 billion. The current CEO has handed in his notice after being offered a new position at sports streaming platform DAZN.

Entain CEO Shay Segev has handed in his notice following a lucrative offer from sports streaming company DAZN. (Image: The Financial Times)

Entain hit the headlines last week when it confirmed MGM Resorts had made a takeover offer worth $11 billion. The informal proposal was rejected but there are rumors a revised offer may be made in the coming weeks.

Segev may not be around if that happens. The former Playtech executive joined Entain in 2016 after stints at Playtech and Gala Coral. He took over from Kenneth Alexander as CEO in July 2020 but is now moving on to pastures new.

Joseph Cheong Reaches $10M Guaranteed WSOPC Online Main Event Final Table

Joseph Cheong is closing in on another massive score as he is potentially one day away from winning the WSOPC Online Main Event. The World Series of Poker bracelet winner is one of nine players left still chasing a $1.2 million first place prize.

Can Joseph Cheong pull off another huge win? (Image: World Poker Tour)

Event #18 of the WSOP Winter Online Circuit series on GGPoker, a $10 million guaranteed tournament, attracted 6,395 entries, each costing $1,700. The winner of this massive online event will take home a gold WSOP Circuit ring and become quite wealthy. After two days of play, only nine remain, each guaranteed at least $123,106. An unknown player using the screen name “iownumind” busted in 10th place ($55,718), bubbling the final table in cruel fashion.

Alexandru Papazian from Romania called an all-in bet with pocket 3’s against “iownumind’s” pocket aces. The board ran out K-7-4-10, and then a lucky 3 on the river, setting up the final table. Papazian will enter play on Monday fifth in chips with 31 big blinds.